The Budget Bill for 2024 was presented recently to the council of ministers, the Agence France Tresor (AFT), which handles public debt and treasury management, said in a release.
The financing requirement this year will be met by the medium- and long-term government debt issuance programme, net of buybacks, worth €285 billion; an increase in outstanding short-term government securities for €7.7 billion; €6.5 billion worth COVID debt redemption from the Caisse de la Dette Publique (Government Debt Fund); and other cash resources worth €0.5 billion.
State debt service for this year is expected to stand at €52.2 billion.
The net year-on-year increase in the nominal value of negotiable state debt with maturities of one year or more will be capped at €129.5 billion.
The deficit to be financed last year has been revised upwards to €172.1 billion compared to €164.9 billion provided for in the 2023 initial Budget Act promulgated in December 2022.
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